Payroll prep qualifies as Accounting Service for Cenvat credit under Cenvat Credit Rules, 2004.

The Appellate Tribunal CESTAT CHENNAI held that payroll preparation qualifies as an Accounting Service, entitling it to Cenvat credit under Rule 2(l) of the Cenvat Credit Rules, 2004. The Tribunal's decision favored the appellant over the Revenue's opposing stance.

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The Appellate Tribunal CESTAT CHENNAI allowed the appeal stating that payroll preparation is part of Accounting Service, making it an input service eligible for Cenvat credit under Rule 2(l) of the Cenvat Credit Rules, 2004. The Revenue disagreed with this proposition, but the Tribunal ruled in favor of the appellant.

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